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Fraud Scheme Lands Four People in Federal Prison

Banking theft is just one thing, but the forged passports and identity theft crimes that are required to successfully pull of the fraud is not just a problem in the US but also in other countries around the world. It is vital for countries all over the world to employ better tactics and stronger controls in order to reduce and possibly get rid of this problem for good. These counterfeit passports are used for making fake bank accounts to be used in fraud schemes, when worse comes to worse, be also used to smuggle in goods and weapons from other countries.

What is known as a white collar job, bank fraud is the use of illegal means to get assets, property, or money owned or held by financial institutions, obtaining money from a depositor while pretending to be a financial institution or a bank is also bank fraud.

In recent times, 4 Nigerian men have been found guilty of being part of a mass bank and passport fraud scheme in Rhode island and in Massachusetts. The question remains, how in the right mind did they intend to be able to con over 1.2million dollars?

They have admitted to employing a tactic of defrauding different banking institutions in Rhode Island and Massachusetts through the acquisition and alteration of passed checks.

Fake Checks
The altered checks were then deposited into fake bank accounts opened through the use of counterfeit passpots from Nigeria, South Africa, and Ghana. They immediately withdrew the money from their fake accounts once the checks were cleared, this was to avoid suspicion and detection.

They have been found to have stolen about 1.2 million dollars worth of fake checks and wire transfers by means of purchases and ATM withdrawals. This is a jaw dropping amount of money, stolen by four men through fraud schemes. They all plead guilty to the fraud scheme, including the use of counterfeit credentials and passports. Two of the men have been deported already while the two that were left have been ordered to pay amendments to the establishments that they have defrauded.

Immigrant Screening

If only the government made use of immigrant screening methods, inquiring them with regards as to why they came to the US, crimes such as these would be driven down. A recommendation of having the border and immigration patrols conduct lie detection tests to the individuals who, with the use of their training, they find suspicious.

Documents may be stolen and credentials forged. But the true identity of a person can never be changed.That’s a simple fact that will stay true for all time. And that’s why liars can easily be spotted in less than a few minutes with techniques such as eyedetect.